CDL Investments New Zealand (CDL Investments New Zealand) Receivables Turnover : 9.68 (As of Dec. 2023)

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What is CDL Investments New Zealand Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. CDL Investments New Zealand's Revenue for the six months ended in Dec. 2023 was $11.78 Mil. CDL Investments New Zealand's average Accounts Receivable for the six months ended in Dec. 2023 was $1.22 Mil. Hence, CDL Investments New Zealand's Receivables Turnover for the six months ended in Dec. 2023 was 9.68.

CDL Investments New Zealand Receivables Turnover Historical Data

The historical data trend for CDL Investments New Zealand's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CDL Investments New Zealand Receivables Turnover Chart

CDL Investments New Zealand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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870.06

1,571.50

997.49

415.89

111.68

CDL Investments New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															16.88	60.13	22.87	6.12	9.68

Competitive Comparison of CDL Investments New Zealand's Receivables Turnover

For the Real Estate - Development subindustry, CDL Investments New Zealand's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CDL Investments New Zealand's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CDL Investments New Zealand's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CDL Investments New Zealand's Receivables Turnover falls into.

CDL Investments New Zealand Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

CDL Investments New Zealand's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	19.153	/ (	(0.141	+	0.202)	/	2 )
=	19.153	/	0.1715
=	111.68

CDL Investments New Zealand's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.782	/ (	(2.232	+	0.202)	/	2 )
=	11.782	/	1.217
=	9.68

CDL Investments New Zealand (OTCPK:CLNZF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

CDL Investments New Zealand Receivables Turnover Related Terms

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CDL Investments New Zealand (CDL Investments New Zealand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CDL Investments New Zealand Ltd (OTCPK:CLNZF) » Definitions » Receivables Turnover

Traded in Other Exchanges

CDI:New Zealand

Address

Level 7, 23 Customs Street East, P O Box 3248, Shortland Street, Auckland, NZL, 1140

Website

https://www.cdlinvestments.co.nz

CDL Investments New Zealand Ltd is engaged in land-based investment and development. The principal activity of the company is the development and sale of residential land properties. The operating segments of the Group consist of property operations, comprising the development and sale of residential land sections and rental income from development properties and investment properties. The company's subdivisions include Magellan Heights, Northwood, Washbourn Terraces, and Stonebrook.

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